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Budgeting and Variance Analysis at Apple Inc. Values: Budgeted Sales: 1.5 million units Actual Sales: 1.2 million units Contribution Margin per Unit: $500 Requirements: Prepare

Budgeting and Variance Analysis at Apple Inc.

Values:

Budgeted Sales: 1.5 million units
Actual Sales: 1.2 million units
Contribution Margin per Unit: $500

Requirements: Prepare a variance report comparing actual and flexible budgeted results for Apple's iPhone division using bullet points.

Calculate the sales volume variance.
Analyze the reasons for the variance.
Recommend actions based on the analysis.

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